Navigation Links
US Minimally Invasive Spine Technology Market to Grow Strongly to $2 Billion by 2017
Date:2/19/2013

TORONTO, Feb. 19, 2013 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, despite some significant downward pressures, the United States market for minimally invasive (MI) spine technologies will grow strongly, reaching nearly $2 billion by 2017. Most of this growth will come from expansion of the largest segment, the minimally invasive spinal fusion market, but the less mature facet fixation segment will also experience significant revenue growth.

(Logo: http://photos.prnewswire.com/prnh/20130103/MM36768LOGO)

Some physicians, however, remain cautious because MI spine techniques require extensive training; a lack of familiarity can negatively affect outcomes as well as increase procedure time. In addition, some physicians also highlight a shortage of clinical data supporting both the short- and long-term efficacy of these procedures, which has led to a lack of reimbursement for some products.

A number of MI spinal fusion clinical trials currently ongoing may change the environment for MI spine technology. One example is NuVasive's study comparing traditional open posterior lumbar interbody fusion (PLIF) with NuVasive's MI Maximum Access Surgery PLIF variant, which is expected to be complete by 2014. Favorable results in this study and others like it are expected to positively influence the volume of minimally invasive procedures involving spinal technologies.

"Facet fixation will be the fastest growing segment in this market," said MRG Analyst Rene Azeez . "This growth is primarily because companies are increasing efforts to provide surgeons with training. The relative simplicity and minimally invasive nature of the surgery, coupled with favorable reimbursement and mounting favorable clinical evidence all support its adoption. We'll see a number of innovative products introduced, such as VG Innovations' VerteLoc v 2.5, which claims to improve ease‐of‐use and facilitate enhanced patient outcomes."

While NuVasive is the current market leader, competition will intensify as other companies recognize the enormous potential of this market, particularly in lucrative high-growth segments such as facet fixation and MI transforaminal lumbar interbody fusion (TLIF) and lateral lumbar interbody fusion (LLIF).

Millennium Research Group's US Markets for Minimally Invasive Spine Technologies 2013 report includes unit, procedures, average selling price and revenue information, along with market drivers and limiters and competitive landscape minimally invasive spinal fusion, facet fixation, intradiscal therapy and discography devices sold in the United States.

About Millennium Research Group
Millennium Research Group (www.MRG.net), a Decision Resources Group company (www.DecisionResourcesGroup.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer loyalty tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources Group
Decision Resources Group is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources Group at www.DecisionResourcesGroup.com.

All company, brand or product names contained in this document may be trademarks or registered trademarks of their respective holders.

For more information, contact:

Christopher Comfort
Decision Resources Group
781-993-2597
ccomfort@dresources.com

Alex Jablokow
Millennium Research Group
617-599-8613
ajablokow@mrg.net


'/>"/>
SOURCE Millennium Research Group
Copyright©2012 PR Newswire.
All rights reserved

Related biology technology :

1. ResearchMoz: Ophthalmic Devices Market to 2017 - Glaucoma and Cataract Surgery Devices, Minimally Invasive Procedures in Ophthalmic Surgery to Drive the Ophthalmic Surgery Market
2. Non Invasive Bed Bug Treatments Offered to a State Library Shutdown Due to Sightings of Bed Bugs, MyCleaningProducts.com Details the Treatments' Process
3. MonaVie Introduces Non-Invasive Technology Device to Measure Antioxidant Levels in the Body
4. The American College of Obstetricians and Gynecologists Committee on Genetics and the Society for Maternal-Fetal Medicine Publications Committee Recommend Noninvasive Prenatal Testing for Fetal Aneuploidy
5. A non-invasive method to track Huntingtons disease progression
6. Exosome Diagnostics Presents Data at American Urology Association Demonstrating Potential Utility of Urine Exosomes to Non-invasively Detect and Manage Prostate Cancer
7. Antelope Valley Hospital Converts to Masimo rainbow SET for State-of-the-Art Noninvasive Patient Monitoring Capabilities
8. DermTechs Non-invasive Melanoma Detection Assay Poised to Enter Clinical Validation Study
9. MarketsandMarkets: Global Spine Surgery Devices Market Worth $14.8 Billion by 2017
10. Custom Spine Announces 510K Clearance for Securis Cannulated Screw System
11. BioRestorative Therapies Announces Closing of License Agreement for Adult Stem Cell Disc/Spine Procedure
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/23/2017)... ... May 23, 2017 , ... Vortex Biosciences , provider of circulating tumor ... circulating tumor cells using Vortex microfluidic technology ” in Nature Precision Oncology on May ... Dino Di Carlo and Dr. Matthew Rettig at the University of California, Los Angeles. ...
(Date:5/23/2017)... PA. (PRWEB) , ... May 23, 2017 , ... ... Clinical Works as Vice President of Clinical Operations. She brings years of ... and Yaupon Therapeutics. From her professional foundation as a licensed occupational therapist, through ...
(Date:5/23/2017)... (PRWEB) , ... May 23, 2017 , ... Cambridge ... a splash at this year’s Bio-IT World Conference and Expo in Boston ... Data Lake® 4.0 solution. The Anzo Smart Data Lake is also a finalist ...
(Date:5/22/2017)... ... 2017 , ... Stratevi, a boutique firm that partners with healthcare companies to ... an office in downtown Boston at 745 Atlantic Ave. , “We are seeing ... evidence on the value they provide, not just to patients, but also payers. Having ...
Breaking Biology Technology:
(Date:4/6/2017)... Forecasts by Product Type (EAC), Biometrics, Card-Based ... & Logistics, Government & Public Sector, Utilities / Energy ... Nuclear Power), Industrial, Retail, Business Organisation (BFSI), Hospitality & ... for a definitive report on the $27.9bn Access Control ... ...
(Date:4/4/2017)...   EyeLock LLC , a leader of iris-based ... Patent and Trademark Office (USPTO) has issued U.S. Patent ... an iris image with a face image acquired in ... 45 th issued patent. "The ... the multi-modal biometric capabilities that have recently come to ...
(Date:3/30/2017)... , March 30, 2017 Trends, opportunities and ... and behavioral), by technology (fingerprint, AFIS, iris recognition, facial ... and others), by end use industry (government and law ... financial and banking, and others), and by region ( ... , Asia Pacific , and the ...
Breaking Biology News(10 mins):